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- General expectations for Monday morning
- Japan official warns of further yen selling to deter currency speculation
- Germany doubts larger fund can rescue Italy
- Two weeks ago, the downgrade wouldn’t have mattered
| General expectations for Monday morning Posted: It will be a bright and early start tomorrow morning with extreme volatility expected in the early interbank market, starting at 5am Sydney time. I’ve heard lots of strong opinions already convinced that we’ll see USD selling, USD buying, Gold up, Gold down, Treasuries up, and Treasuries down; the only sure thing is that we [...] |
| Japan official warns of further yen selling to deter currency speculation Posted: Bloomberg article |
| Germany doubts larger fund can rescue Italy Posted: Reuters article |
| Two weeks ago, the downgrade wouldn’t have mattered Posted: Everyone was prepared for it and markets were reasonably calm, focused more on the implementation risk from the latest Greek bailout than on the US debt drama, which most expected to be solved at the 11th hour, which it was. Since then, US GDP came out weaker than expected (with a huge downward revision to [...] |
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